January 7, 2019
Modern Aviation, a recently launched FBO platform, has acquired Gateway USA, LLC, the operator of an FBO at Boeing Field (KBFI) in Seattle, Washington. The Seattle facility, which trades as Clay Lacy, will be rebranded as Modern Aviation in the first quarter of 2019 and, following the purchase of Air Wilmington and XJet Holdings, is the FBO platform's third acquisition to close in less than 12 months.
The IS‐BAH stage II registered FBO offers more than 65,000 square feet of hangar space, 18,000 square feet of terminal and office space, and aircraft maintenance, repair and overhaul services via its Part 145 repair station. Gateway is also the exclusive authorised dealer and service centre for Quest Kodiak in the Pacific Northwest. Boeing Field is one of the top 20 busiest general aviation airports in the U.S. and is the principal business aviation airport in the greater Seattle, Washington area.
“Gateway is known for its outstanding customer service, commitment to safety, and its pool of talented employees, making it a perfect fit for the Modern Aviation platform,” says Modern Aviation CEO, Mark Carmen. “Gateway will continue to be led by general manager Chuck Kegley and his dedicated Seattle team who will continue to deliver the same level of service that customers experience today.”
Carmen adds, “Seattle is a highly attractive, growing general aviation market, and we plan to develop Gateway's additional leasehold directly adjacent to its current facility in 2019 by building 48,000 square feet of additional hangar and office space to service growing demand in the region. Additionally, we look forward to providing industry best practices through Gateway's team of dedicated employees to benefit all stakeholders at Seattle's Boeing Field.”
“Gateway, which has been operating at Boeing Field since 2003, has delivered outstanding customer service through our exceptional team of employees,” say Gateway co‐founders Joe Clark and Clay Lacy. “Modern Aviation is well positioned to build on our success at Boeing Field and to further develop the business to reach its full potential. We are confident that Modern will provide a great home for the team and our loyal customer base.”
Modern Aviation has the backing of the infrastructure private equity fund, Tiger Infrastructure Partners and is actively pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.